# Commercial Law (GCL)

## Title 24. Maryland Commercial Receivership Act

### Subtitle 2. Appointment of Receiver

#### Section 24-204

(a) The court may:

  (1) Require a receiver to post a bond or security with the court;

  (2) Authorize a receiver to act without posting a bond or other security; or

  (3) Authorize a receiver to act before the receiver posts any bond required by the court.

(b) If a court requires a bond to be posted under subsection (a) of this section, the bond shall be:

  (1) Conditioned on the faithful discharge of the receiver's duties;

  (2) With one or more sureties approved by the court;

  (3) In an amount the court specifies; and

  (4) Effective as of the date of the receiver's appointment.

(c) The court may also authorize a receiver to act without posting a bond or other security.

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Md. Code Ann., Com. Law (as displayed at mgaleg.maryland.gov, October 16, 2026)